U ii
Ch. 1 Modern Project Management
BU BU BU BU
Ch. 2 Organization Strategy and Project Selection C
BU BU BU BU BU BU BU
h. 3 Organization: Structure and Culture
BU BU BU BU BU
Ch. 4 Defining the Project
BU BU B U BU
Ch. 5 Estimating Project Times and Costs
BU BU BU BU BU BU BU
Ch. 6 Developing a Project Schedule
BU BU BU BU BU
Ch. 7 Managing Risk
B U B U B U
Ch. 8 Scheduling Resources and Costs
BU BU BU BU BU BU
Ch. 9 Reducing Project Duration
BU BU BU BU
Ch. 10 Being an Effective Project Manager
BU BU BU BU BU BU BU
Ch. 11 Managing Project Teams
BU BU BU BU
Ch. 12 Outsourcing: Managing Interorganizational
BU BU BU BU BU
Relations
Ch. 13 Progress and Performance Measurement and
BU BU BU BU BU BU BU
Evaluation
Ch. 14 Project Closure
BU BU BU
Ch. 15 Agile Project Management C
BU BU BU BU BU
h. 16 International Projects
BU BU BU
, Chapter 1 B U
Modern Project Management BU BU
Chapter Outline
BU
1. What B U Is a Project?
B U B U
A. What a Project Is Not
B U B U B U B U
B. Program versus Project B U B U
C. The Project Life Cycle
BU B U BU
D. The Project Manager
BU B U
E. Being Part of a Project
B U B U BU B U B U Team
2. Agile Project Management
BU B U
3. Current Drivers of Project Management
B U BU BU BU
A. Compression of the Product Life Cycle BU BU BU B U B U
B. Knowledge Explosion B U
C. Triple Bottom Line (Planet, People, Profit)
BU BU BU BU BU
D. Increased B U Customer B U Focus
E. Small Projects Represent
BU B U B U Big Problems
B U
4. Project Management Today: A Socio-Technical Approach
B U B U B U BU BU
5. Summary
6. Text Overview
BU
7. Key Terms
B U
8. Review Questions
BU
9. Snapshot B U from Practice: BU B U Discussion Questions B U
10. Exercises
11. Case 1.1: A Day in the Life—2019
B U B U B U BU B U B U
12. Case 1.2: The Hokies Lunch Group
B U B U B U B U BU
, Chapter Learning Objectives BU BU
After reading this chapter you should be able to:
B U B U BU B U B U B U BU B U
LO 1-1
B U Understand why project management is crucial in today’s
BU BU B U B U BU BU BU
world.
LOB U 1-2 Distinguish a project B U B U B U from routine operations.
BU B U
LO 1-3
B U Identify the different stages of a project life cycle.
BU BU B U BU BU BU B U BU
LO 1-4
B U Describe how Agile PM is different from traditional PM.
BU B U B U B U BU B U BU BU
LO 1-5
B U
Understand that managing projects involves bal BU BU BU BU BU
ancing the technical andsociocultural dimensions of th
BU BU BU BU B U B U
e project.
B U
Review Questions B U
1. Define a project. What are five characteristics which help differ
B U B U B U B U BU B U B U B U B U
entiate projectsiifrom other functions carried out in the daily o
BU B U B U B U B U B U B U B U B U
perations of the organization? B U BU B U
A project is a complex, non-routine, one-
B U B U B U B U B U B U
time effort limited by time, budget, resource,and specifications.
B U B U B U B U BU B U B U
Differentiating characteristics of projects from routine, repetiti
B U B U B U BU B U B U B U
ve daily work are below:
B U B U B U B U
a. A defined lifespan
BU B U
b. A well-defined objective
BU B U
c. Typically involves people from several disciplines
BU B U B U BU BU
d. A project life cycle
BU B U BU
e. Specific time, cost, and performance requirements.
BU BU BU BU BU
2. What are some of the key environmental forces that have
B U B U B U B U B U B U B U B U B U B
changed the wayprojects are managed? What has been the
U B U BU B U B U B U B U B U B U
effect of these forces on the management of projects?
B U BU B U B U B U B U B U B U B U
Some environmental forces that have changed the way we mana
B U B U B U B U B U B U B U B U B U
ge projects are the product life cycle, knowledge growth, global c
BU B U B U B U B U B U B U B U B U BU
ompetition, organization downsizing,iitechnology changes, time-to-
B U B U BU B U
market. The impact of these forces is more projects perorganizat
BU BU B U B U BU B U B U B U B U BU
ion, project teams responsible for implementing projects, accounta
BU B U B U B U B U B U B U
bility, changing organization structures, need for rapid completion
BU B U B U B U B U B U B U B
Uof projects, linking projects to organization strategy and custome
B U BU B U B U B U B U B U B U
rs, prioritizing projects to conserve organization resources, alliance
B U BU B U B U B U BU B U
s with external organizations, and so on.
B U BU BU B U B U B U